Al Yamamah subsidiary signs 270 million riyal deal with European company
Al Yamama Steel Industries announced that its subsidiary, Al Yamama for Reinforcement Steel, has signed a contract worth 270 million SAR with a European company specialized in the industrial sector. The contract aims to manufacture, supply, and install advanced equipment for producing steel billets, as part of the company's plans to develop its infrastructure and enhance its operational efficiency in the Saudi market. The positive impact of this investment is expected to appear in the financial statements in the second half of 2028, with the new equipment beginning its production cycle.
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